CRTC launches review of cellphone financing to probe fees by telecoms

Canada’s telecom watchdog has launched a review of new cellphone financing plans to ensure they comply with an industry code of conduct.

The Canadian Radio-television and Telecommunications Commission says it is reviewing device financing plans to see if when customers cancel their phone plans they are forced to pay a penalty or fee for any remaining balance on their device.

Earlier this month, the CRTC asked wireless companies to stop offering device financing plans that last more than two years until the watchdog finishes a planned review of the practice.